Can someone tell me about this?

Question

Here is a fsbo I found tried to contact him and received a message.  I feel that, could the gov. be setting up stings?  Here is the article,

Need first time buyer or investor to short sale my house to. No Realtors please. I will guarantee buyer $1,000 a month net profit with equity share of 50%. 
Excellent opportunity 
. Please call xxx xxx xxxx

My first impression is that he can't proffit from a short sale that is bank fraud I believe....  Second he wants me to buy and negotiate and then split the proffits 50/50 with 1000. from a renter?  Any thoughts from anyone?

Colin Bochicchio · Answer

This sounds like fraud all over it and you are right a seller can not profit from a short sale against the law.

All  monies and fess has to be disclosed on the HUD-1 as we all know at closing and I just completed a short sale on my wife's house. We had to come out as sellers with a contribution of x amount to close this transaction.
There are also if I recall other SS disclosures as well.

It could be a federal task force since I had seen them in LV where local police were working in with the federal district attorney.. You do not wish to go there.

I would report them to the authorities whether state or federal or the real estate commission in the state you are in.

Good luck on this..

Stan Jackson · Answer

I'm not sure if the government has time to setup stings for things like this, but if I understand you correctly, YOU WILL GET STUNG!

Ray Hope · Answer

Only one..........RUN!!!!!!!!!!!!!!!!